Sanofi India Limited — Important, 19-02-2025: General Updates

The Assistant Commissioner of Commercial Taxes in Karnataka has issued a show cause notice related to a GSTR-2A vs. GSTR-3B matter concerning FY 2020-21. The initial demand was Rs. 39.37 lakh due to a mismatch in Input Tax Credit (ITC) claims. After review and submissions, the final demand was adjusted to Rs. 3.14 lakh, which includes interest and a 10% penalty, leading to a total payment of Rs. 5.22 lakh. The proceedings have now been dropped with no material impact expected on Sanofi India's financial or operational activities. The situation reflects a resolution of compliance issues, allowing the company to shift focus back to growth strategies.